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GM unveils electric Cadillac Converj concept at the Detroit auto show

General Motors pulled perhaps a surprise at the Detroit Auto Show Sunday morning, unveiling an eye-catching two-door Cadillac concept powered by a "future evolution" of the Chevrolet Volt's electric powertrain. Called the Converj, the Cadillac will have a range of 40 miles on electricity, with a potential total range of 700 miles after a generator kicks in. GM says the powertrain, formerly known as E-Flex, is now called Voltec, and could be used in a variety of applications.

VW 'to announce its WRC entry' at Rally Sardinia

VW Polo R WRC (2011): Volkswagen enter the WRC High-level sources in an existing World Rally Championship team have told CAR that Volkswagen will formally announce its decision to enter the WRC at Rally Sardinia, which starts on 5 May 2011, somewhat stealing the thunder of Mini’s WRC debut. It’s believed that sister firm Skoda’s Fabia Intercontinental Rally Challenge car will be used as the first step in development. This car currently runs to the 2.0-litre naturally aspirated S2000 rules, so one of the first steps will be to switch to a 1.6-litre turbo.

Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.